Identification of Delay Causing Actor in the Indian Real Estate Project: an AHP-Based Approach

Deep, Shumank; Asim, Mohammed; Kesarwani, Neeti; Kandpal, Shweta

doi:10.2478/bjreecm-2018-0009

Cited by 5 publications

(5 citation statements)

References 56 publications

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“…AHP will determine the priorities for all of the identified variables based on the decision criterion and priorities for each criterion according to the objectives. The gathering of priorities with their unique needs will be the most responsible option, and the proportion of the gathered priorities will show the relative qualities in achieving the objective (Deep et al 2018).…”

Section: Methodsmentioning

confidence: 99%

Identification of Risk Factors in Business Valuation

Razali

Jalil

Achu

et al. 2022

JRFM

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It is widely accepted that risk and uncertainty are integral parts of the property valuation process. Uncertainty in property valuation is derived from the characteristics of property itself. The issue pertaining to risk and uncertainty in property valuations is currently one of the key concerns in global valuation practice to date in addressing the decision of risk and uncertainty in valuation, especially for business purposes or in the current term known as business valuation. The judgment and experience still depend on the expertise of the individual valuers alone. The valuation methods used can cause problems if certain elements in business such as risk are highlighted, especially to determine market value. There is a need for valuers to express assumptions which take into account risk and uncertainties, and then pass on the results of the estimation process to the end user of the valuation report. This research employed Analytical Hierarchical Process (AHP) to identify the level of risk in business valuation for valuers to identify which risk areas will expose them to professional liabilities, which then leads to mitigation of risk to determine value in business valuations. AHP will also be able to identify the level of risk in each of the approaches in business valuation which could help valuers to determine the value and market value in the valuation process. This paper will propose some practical approaches of how to address the risk and uncertainty of the valuation process, especially for the purpose of business valuation.

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Section: Methodsmentioning

confidence: 99%

Identification of Risk Factors in Business Valuation

Razali

Jalil

Achu

et al. 2022

JRFM

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“…The literature reporting on poor project management practices in the housing sector exposes the global dimension of this phenomenon but also demonstrates that it tends to manifest more in emerging economies. Some of the countries in which this phenomenon has been detected include Ethiopia [197,198], Ghana [199], India [200,201], Nigeria [202], Tanzania [43,203,204], and Saudi Arabia [205].…”

Section: Matter Of Concern 4: Inadequate Construction Project Managementmentioning

confidence: 99%

“…Bureaucracy and corruption were also identified as key factors in research conducted by Ram and Needham, who investigated the barriers reducing the capacity of home developers to satisfy the growing demand for affordable dwellings [201]. Deep et al extended this list by demonstrating that the failure of Indian affordable housing projects can also occur due to contractor-induced delays, which results from poor financial management and a lack of planning and scheduling [200].…”

Section: Matter Of Concern 4: Inadequate Construction Project Managementmentioning

confidence: 99%

Closing the Affordable Housing Gap: Identifying the Barriers Hindering the Sustainable Design and Construction of Affordable Homes

Reid

2023

Sustainability

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Despite the commitment of the United Nations (UN) to provide everyone with equal access to basic services, the construction sector still fails to reach the production capacity and quality standards which are needed to meet the fast-growing demand for affordable homes. Whilst innovation measures are urgently needed to address the existing inefficiencies, the identification and development of the most appropriate solutions require a comprehensive understanding of the barriers obstructing the design and construction phase of affordable housing. To identify such barriers, an exploratory data mining analysis was conducted in which agglomerative hierarchical clustering made it possible to gather latent knowledge from 3566 text-based research outputs sourced from the Web of Science and Scopus. The analysis captured 83 supply-side barriers which impact the efficiency of the value chain for affordable housing provision. Of these barriers, 18 affected the design and construction phase, and after grouping them by thematic area, seven key matters of concern were identified: (1) design (not) for all, (2) homogeneity of provision, (3) unhealthy living environment, (4) inadequate construction project management, (5) environmental unsustainability, (6) placemaking, and (7) inadequate technical knowledge and skillsets. The insights which resulted from the analysis were seen to support evidence-informed decision making across the affordable housing sector. The findings suggest that fixing the inefficiencies of the affordable housing provision system will require UN Member States to accelerate the transition towards a fully sustainable design and construction process. This transition should prioritize a more inclusive and socially sensitive approach to the design and construction of affordable homes, capitalizing on the benefits of greater user involvement. In addition, transformative actions which seek to deliver more resource-efficient and environmentally friendly homes should be promoted, as well as new investments in the training and upskilling of construction professionals.

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“…Factors that cause delay include, inter-alia, challenges related to the performance and involvement of stakeholders, resource availability, environmental conditions, and contractual relations (Alaghbari, et al, 2007;Bon-Gang and Lay Peng, 2013;Deep, et al, 2018;Han, Love and Pena-Mora, 2013;Mäki, 2015;Singh, Bala and Dixit, 2018). However, delays in building construction projects are attributed to the three traditional project actors, being the clients, the contractors, and the consultants engaged in planning and design activities (Aiyetan and Das, 2016;Das, 2015;Han, Love and Pena-Mora, 2013;Love, et al, 2011).…”

Section: Delays In Construction Projectsmentioning

confidence: 99%

“…However, delays in building construction projects are attributed to the three traditional project actors, being the clients, the contractors, and the consultants engaged in planning and design activities (Aiyetan and Das, 2016;Das, 2015;Han, Love and Pena-Mora, 2013;Love, et al, 2011). In India, the factors related to these three stakeholders are also predominant causes of delay in the construction industry (Das, 2015;Das, 2018;Bagrecha and Bais, 2017;Deep, et al, 2018;Doloi, et al, 2012;Mali and Warudkar, 2016;Pandya and Malek, 2018;Rivera, Baguec and Yeom, 2020;Singh, Bala and Dixit, 2018).…”

Section: Delays In Construction Projectsmentioning

confidence: 99%

Design Delays in Building Projects in India: Effects and Remedies

Das

Emuze

2021

CEB

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Empirical evidence shows that design-related challenges influence delay in building projects in India. Based on case studies of building projects from the capital region of Odisha Province of India, the factors relating to consultants and design have been identified and policy interventions were compiled to reduce design linked delay. A survey method to collect data, statistical analysis and a Systems Dynamics modelling approach were used according to different scenarios to propose strategic interventions. The findings suggested that complexity of design and compilation of documents, and the combined complexity of both can cause substantial delay. The model results revealed that the combined effect of appointing competent consultants and communicating effectively could reduce delay significantly. The novelty of the study lies in using a systems approach to develop causal feedback relationships among variables, as opposed to considering one origin of the problem at a time. The study makes three contributions: (1) design-linked challenges and mechanisms of delay, based on causal feedback relationships in building construction, can be diagnosed to evolve appropriate remedial measures; (2) impacts of different interventions can be visualised quantitatively under different scenarios; and (3) an alternative methodology to examine the trend of the project period is offered.

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Identification of Delay Causing Actor in the Indian Real Estate Project: an AHP-Based Approach

Cited by 5 publications

References 56 publications

Identification of Risk Factors in Business Valuation

Identification of Risk Factors in Business Valuation

Closing the Affordable Housing Gap: Identifying the Barriers Hindering the Sustainable Design and Construction of Affordable Homes

Design Delays in Building Projects in India: Effects and Remedies

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